Business
Business, 19.07.2021 21:20, Cooldude3966

The market for blue jeans is in equilibrium. Blue jeans are a normal good for consumers. If a recession reduces consumers' incomes at the same time that the price of denim (an input in the making of blue jeans) increases, we can say with certainty that as a result:

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The market for blue jeans is in equilibrium. Blue jeans are a normal good for consumers. If a recess...

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